Earlier this week, it was announced that Jin Air will be partnering with Island Air to offer inner-island connections from Seoul, Korea. This Korean airline will also resume their flights from Honolulu to Seoul five times a week starting May 29th.
The significant gap between so-called “soft data” (such as surveys of business and consumer confidence) and “hard data” (the factors that directly support GDP growth) suggest yet another weak start to the year, but stronger growth is in the offing. Overall, expect another year of moderate growth.
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A few days ago, American Savings Bank released renderings of its new Honolulu campus, which will bring its employees and offices together under one roof.
January started off strong with 19 deals totaling over $84,000,000. With the election and Holidays behind us, 2017 is anticipated to extend 3-years of market-high volumes with modest decline in total dollars exchanged.
Our team is very interested in the co-working space trend that is popping up all over the islands. MyGoCenter has just opened a space in Kapolei and they are looking forward to many more locations on Oahu. Their second location is supposed to open before the end of the year.
On Tuesday, Mandarin Oriental and Salem Partners, a Los Angeles based investment firm, announced their return and debut respectively with a “36-story mixed-use tower across from the Hawaii Convention Center in Honolulu”.